How to Start a Business

When it comes to business, you might be hesitant to apply the LoA. You might ask whether it might be more prudent to leave the LoA in your personal life; and focus on extracting profits in your business life.

In reality, though, the LoA doesn’t stop working simply because you decided that you’re done with it. It’s a universal principle that applies not only to your personal life and to your goal-setting, but to your business and work life. And if you’re willing to use it to create a business, you may just be surprised at how good your results turn out to be.

So, when it comes to starting a business, what can the LoA say? First and foremost, it exhorts you to practice focus, visualization, and abundance. Let’s see how you can do each of these.

1. Focus

When it comes to starting a business, focus is critical. Without focus, you will find yourself lost in the noise of business while important signals pass over your head. That is, you will spend time chasing around dead-end ideas; you will dump money into projects and then promptly give up on them; and you will allow success to elude you at all possible opportunities.

Thus, when it comes to business, practice what the LoA suggests: set specific goals and focus very narrowly on them. Instead of spending almost no time drafting the goals and most of your time working towards ill-defined goals, focus on the goals; and once you set them, don’t let anyone or anything move you away from them.

2. Visualization

The LoA makes another suggestion about how you should start a business. You should do it by visualizing what your business will be, how it will run, and how everything will come together.

The brain has an unbelievable capacity to simulate events. And you should use it to visualize how your business will develop, grow, and transform into a lucrative opportunity for you.

3. Abundance

The abundance mindset is also important. Many new business owners err on the side of being cheap. They skimp on the sign for the business; they bargain employee wages as low as they can go; and they purchase low quality materials from suppliers.

As a result, many of them ultimately fail. And many others permanently end up as small businesses with no growth potential. The stinginess and attitude that they convey is ultimately what they attract when they hire help and encounter customers.

With this said, think carefully about what the LoA suggests when about your new business. While it is wise to be thrifty when creating a business, it is important not to take that thriftiness to an excess level. Instead, behave with the intent to create a high-quality, useful product for your customers; and they will respond to you in kind.

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